XML 16 R6.htm IDEA: XBRL DOCUMENT v3.4.0.3
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net income $ 36,187 $ 30,341
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 6,417 5,078
Stock-based compensation 2,369 2,479
Provision for credit losses 800 0
Net amortization of premiums and accretion of discounts on securities and borrowings 4,198 8,371
Amortization of other intangible assets 2,849 2,393
Gains on securities transactions, net (271) (2,416)
Proceeds from sales of loans held for sale 54,907 38,568
Gains on sales of loans, net (1,795) (598)
Originations of loans held for sale (52,749) (17,716)
Losses (gains) on sales of assets, net 10 (281)
FDIC loss-share receivable (excluding reimbursements) 560 3,920
Net change in:    
Trading securities 0 14,233
Fair value of borrowings hedged by derivative transactions 4,719 2,781
Cash surrender value of bank owned life insurance (1,963) (1,764)
Accrued interest receivable 581 743
Other assets (6,079) (40,365)
Accrued expenses and other liabilities 3,993 8,104
Net cash provided by operating activities 54,733 53,871
Cash flows from investing activities:    
Net loan repayments (originations) 95,706 (122,279)
Loans purchased (190,741) (139,935)
Investment securities held to maturity:    
Purchases (83,955) (145,973)
Sales 0 11,666
Maturities, calls and principal repayments 58,907 85,798
Investment securities available for sale:    
Purchases (302,321) (8,034)
Sales 2,081 13,974
Maturities, calls and principal repayments 366,882 38,678
Proceeds from sales of real estate property and equipment 3,919 4,551
Purchases of real estate property and equipment (7,578) (3,216)
Reimbursements from the FDIC 370 1,954
Net cash used in investing activities (56,730) (262,816)
Cash flows from financing activities:    
Net change in deposits 154,875 182,627
Net change in short-term borrowings 93,632 (12,915)
Repayments of long-term borrowings (155,000) 0
Cash dividends paid to preferred shareholders (1,797) 0
Cash dividends paid to common shareholders (27,916) (25,512)
Purchase of common shares to treasury (1,496) 0
Common stock issued, net 2,392 (948)
Net cash provided by financing activities 64,690 143,252
Net change in cash and cash equivalents 62,693 (65,693)
Cash and cash equivalents at beginning of year 413,800 830,407
Cash and cash equivalents at end of period 476,493 764,714
Supplemental disclosures of cash flow information:    
Interest on deposits and borrowings 38,766 41,978
Federal and state income taxes 67 29,550
Supplemental schedule of non-cash investing activities:    
Transfer of loans to other real estate owned $ 663 $ 1,944